Former Deutsche Bank Exec Joins SEC

Wall Street Journal

Robert E. Rice is joining the Securities and Exchange Commission as chief counsel to SEC Chair Mary Jo White, the agency announced Monday.

Rice, a former federal prosecutor, most recently worked at Deutsche Bank AG in New York, where he was head of governance, litigation and regulation for the Americas. He also was global co-head of its governance, litigation and regulation operating committee.

Before that, he worked for nearly 10 years in the U.S. Attorney’s Office in the Southern District of New York, where he investigated and prosecuted securities fraud, mail and wire fraud, and money laundering cases before being named deputy chief of the criminal division.

Rice will provide legal and policy advice to White in his role as chief counsel. ”I have been impressed by Bob’s intelligence, wisdom, and insight for as long as I’ve known him,” White said in a statement. “I am delighted that he will be joining our talented SEC team.”

Comments (2 of 2)

I always have my boys at helm to take care of any whistleblowers re - fraud, my boys & girls have perpetuated. I have learnt it well. Previously I had Khuzami and now Rice ..... all whistleblowers - blow yourself up. Nothing can touch Deutsche Bank even if we loot whole world.

8:43 pm June 3, 2013

Chase wrote:

After gaining a deal of private sector experience at Deutsche Bank, Rice is poised to be a strong new addition to the SEC's campaign against securities and investment fraud. Opportunity for corruptions seized by stock brokers enthralled with corporate greed has negatively effected lives of too many hard working Americans. As a securities fraud attorney at http://stockfraudny.com I'm glad to see the SEC focus on high profile talent development within their own organization. Preventing abuse of the financial system with out over regulating is challenge requiring a diverse set of highly intelligent leaders.

For many financial services firms, work remains to operationalize the governance structures they have adopted. Further, expectations regarding governance have shifted: Stakeholders now see boards as more accountable for the effectiveness of their overall governance process. This shift is real, and it is significant. It will likely amount to an expectation of greater board involvement in the means by which governance is effected, and for more active oversight by the board and its committees.

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